$SUI Short Setup: Breakdown Below Midline | Token
📉 Short Setup:
Entry: Break below $3.5163 - $3.6464
Take Profit 1: $3.4500
Take Profit 2: $3.4103
Take Profit 3: $3.3500
Take Profit 4: $3.3000
Stop Loss: $3.7131
🧠 Why This Trade?
Price rejected from 20 SMA midline ($3.6184)
Trading below midline with bearish momentum
Bollinger Bands expanding, volatility increasing
Formation of lower highs on 1H chart
🔑 Key Levels to Watch:
Midline Resistance: $3.6184
Breakdown Trigger: $3.5163
Lower Band Support: $3.4103